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S&P 500: Will the Easter bunny bring short-term bulls a rotten egg?

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Despite a weak-but-still-better-than-expected retail sales report out of the UK and a smattering of second-tier US data, yesterday’s global market trends have generally carried over into today’s trade: the US dollar is edging higher, commodities (prominently including oil) are falling, and global equities are edging lower once again. Focusing in on the S&P 500 index, the slight dip over the last two days actually has done some meaningful short-term technical damage. For the first time

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